Donald Trump

Token

Million

President Donald Trump

Former U.S. President Donald Trump has caused a buzz in the crypto community with his Series 4 Non-Fungible Token (NFT) trading cards launched on August 27. <a href="https://polygonscan.com/token/0x7c8176fc9eb40905ed971198301521903cb23754" rel="noopener noreferrer nofollow">According</a> to Polygon scan data, these polygon-based NFTs have impressively raked in more than 22,000 sales.&nbsp;
Based on the mint price of $99 per NFT, the digital products are valued at over $2.17 million. This represents only 6% of the total possible supply of 360,000 NFTs. If all NFTs in this series are minted, the total revenue will exceed $35 million.&nbsp;
It is worth noting that Trump’s fourth NFT collection, which includes his different poses and costumes, is unavailable for trading in the secondary market. It is slated to go live in the market by January 2025.&nbsp;
<h2 id="b-trump-rides-the-nfts-waves-b">Trump Rides the NFTs Waves</h2>
Trump has been quite bullish on crypto assets, especially NFTs, which is a positive shift from his previous tough stance. He now <a href="https://thecoinrise.com/jesse-powell-donates-1m-to-donald-trump-campaign/" rel="noopener noreferrer nofollow">receives campaign donations in cryptocurrency</a> and even <a href="https://thecoinrise.com/donald-trump-plans-to-have-dinner-with-his-nft-investors/" rel="noopener noreferrer nofollow">interacts with crypto executives</a>. As the NFT market evolves, Trump’s foray into this space showcases his adaptability and understanding of current trends.
The various NFT series featuring Trump allow him to capitalize on the growing popularity of digital collectibles. They also provide him with a new revenue stream and a way to engage with his supporters. In addition, they provide investors with a wide array of digital investments, bringing more attention to the digital asset space.&nbsp;
Remarkably, various industries such as <a href="https://thecoinrise.com/lamborghini-releases-third-edition-nft-of-its-world-tour-series/" rel="noopener noreferrer nofollow">Lamborghini</a>, <a href="https://thecoinrise.com/meebits-nft-collection-debuts-collectible-music-album/" rel="noopener noreferrer nofollow">Meebits</a>, and <a href="https://thecoinrise.com/fashion-brand-lacoste-floats-its-own-nft-collection-underwater/" rel="noopener noreferrer nofollow">Lacoste</a>, amongst others, have delved into the NFTs market by creating their digital collectibles.
<h2 id="b-trump-s-previous-nfts-collection-gains-massive-inflows-b">Trump’s Previous NFTs Collection Gains Massive Inflows&nbsp;</h2>
Trump’s NFT collection has performed well in the digital market so far, with a mix of gains and losses for buyers and minters. <a href="https://thecoinrise.com/donald-trump-nft-collection-sells-out-details/" rel="noopener noreferrer nofollow">His first set of digital collectibles</a>, which debuted in December 2022, saw significant gains. The first NFTs’ floor price went up by 100%.&nbsp;
However, the subsequent collections experienced losses for minters regarding floor price. Despite these fluctuations, Trump has reported earnings exceeding $7 million from his NFT collections. This showcases the success and profitability of his venture into the NFT market.
<h2 id="b-trump-s-crypto-embrace-aids-his-presidential-campaign-b">Trump’s Crypto Embrace Aids His Presidential Campaign</h2>
Trump’s embrace of crypto has resonated positively with his supporters. It reflects his forward-thinking approach and understanding of the digital economy. He <a href="https://thecoinrise.com/trump-positions-himself-as-the-crypto-president-in-2024-campaign/" rel="noopener noreferrer nofollow">positioned himself as the crypto president</a> in June while conducting his 2024 presidential campaigns.&nbsp;
Beyond endearing him to the crypto community,&nbsp; Trump’s crypto stance has <a href="https://thecoinrise.com/donald-trump-now-backed-by-pro-crypto-senator-bill-hagerty/" rel="noopener noreferrer nofollow">gained him support from pro-crypto individuals</a> like US Senator Bill Hagerty and many others. Trump’s bullish stance has potentially broadened his support base by drawing in individuals keen on cryptocurrency and blockchain tech.
The post <a href="https://thecoinrise.com/donald-trump-fourth-nft-collection-bags-2-million-in-sales/" rel="noopener noreferrer nofollow">Donald Trump’s Fourth NFT Collection Bags $2 Million in Sales</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Donald Trump’s Fourth NFT Collection Bags $2 Million in Sales

Table of Contents

TheCoinrise Media

Other articles published on Aug 29, 2024

BlockDAG’s Team Video Goes Viral Among 120k Community Members: Will It Overtake Ethereum & Solana?

Indian Court Orders Takedown of 38 Mudrex Scam Sites

Crypto: Cardano Is Regaining Ground, Its Founder Resurfacing.

Will the Bitcoin Price Decline Continue or Will it Rebound? Here’s What the Analytics Company Says

Gigacat ($GCAT) Rockets 39.5% in just 48 Hours

Emmanuel Macron said he never invited Pavel Durov to France

Join our free newsletter for daily crypto updates!